This is the same game that’s just been played with oil and gold.
Notice the pattern???
Now that the bubble created by speculators in oil and gold is starting to “pop”, where is the new “hot” money going to go?
Just like the movie “Wall Street”, where Gordon Gekko tells Bud Fox to start buying Anacott Steel, and only after Bud has bought his position does he give a little taste out to his friends. After that, he calls the media and tells them that Annacott Steel is in play.
The speculators have already bought their position in agriculture products. Then they give out the taste to their friends (other speculators) and after the agriculture products start to rise dramatically, they then call the media to complete the final speculative frenzy.
The hype then gets the last people to come jumping into the market, so the early birds can sell their very profitable positions to the last of the speculators.
Just like the oil, gold and dollar “crisis” is now subsiding, miraculously here comes another one in food, right on it’s heels. How AMAZING.
So what if people around the world starve or if you are paying $4.00 for gas. Do you think the speculators care?
Just my two cents worth.
They don’t call it a “squeeze” for nothing. Billy D. needs to suck it up.